Catella Property Group said it has opened a new office in Madrid to take advantage of opportunities in the distressed Spanish property market. 'In 1992 Catella's property arm started in Sweden in what was then a distressed Swedish property market,' said Johan Ericsson, Group CEO of Catella Property Group. 'The market in Sweden then was somewhat similar to Spain's current market condition. Catella quickly carved a niche as a re-structuring and re-financing specialist in the property sector at a challenging time and today enjoys a market leading position in the Nordics and other European countries. We see the opportunity to replicate this success in Spain and we are happy to have recruited a highly qualified team.'
Catella Property Group said it has opened a new office in Madrid to take advantage of opportunities in the distressed Spanish property market. 'In 1992 Catella's property arm started in Sweden in what was then a distressed Swedish property market,' said Johan Ericsson, Group CEO of Catella Property Group. 'The market in Sweden then was somewhat similar to Spain's current market condition. Catella quickly carved a niche as a re-structuring and re-financing specialist in the property sector at a challenging time and today enjoys a market leading position in the Nordics and other European countries. We see the opportunity to replicate this success in Spain and we are happy to have recruited a highly qualified team.'
Catella's new management team in Spain consists of Borja Márquez, the former head of investments at Savills Spain; Carlos López, former head of retail investment at Knight Frank Madrid and Joss Ignacio Sanchez, who was deputy head of investments at Savills Spain. Marquez will serve as the managing director of the Spanish unit, which will be known as Catella Property Spain. The company intends to act in an advisory capacity for property transactions, including crossborder deals, as well as connecting local property owners and developers with international institutional investors and assisting on financing structuring and restructuring.
